Biden Student debt  cancellation

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$10,000 in federal student loan debt (undergraduate debt) cancellation and it can go up to $20,000 for Pell Grant recipients

loan cancellation will be applicable to those earning less than $125,000 ($250,000 for married couples)

People who borrowed the loan through federal student loan programs are likely to be eligible for it

 The pause on federal student loan repayment will be extended one final time through December 31, 2022.

  The Department of Education will work quickly and efficiently to set up a simple application process for borrowers to claim relief.

 This debt relief will not be treated as taxable income for the federal income tax purposes.

 Public Service Loan Forgiveness (PSLF) program has been made less complex for limited time.

 The Department of Education, to facilitate income driven repayment, is proposing a many rules which can be checked

Click to get sign up link for debt relief application opening notification